Investing.com - Molson Coors Brewing B reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Molson Coors Brewing B announced earnings per share of $0.4 on revenue of $2.29B. Analysts polled by Investing.com anticipated EPS of $0.7709 on revenue of $2.41B.
Molson Coors Brewing B shares are up 8% from the beginning of the year and are trading at $48.98 , down-from-52-week-high.They are outperforming the S&P 500 which is up 4.09% from the start of the year.
Molson Coors Brewing B follows other major Consumer/Non-Cyclical sector earnings this month
Molson Coors Brewing B's report follows an earnings beat by Procter&Gamble on Wednesday, January 20, 2021, who reported EPS of $1.64 on revenue of $19.75B, compared to forecasts EPS of $1.51 on revenue of $19.27B.
Coca-Cola had beat expectations on Wednesday with fourth quarter EPS of $0.47 on revenue of $8.6B, compared to forecast for EPS of $0.4178 on revenue of $8.61B.
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